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Thursday, 7 August 2008

House Prices down 8.8% on last year

The latest report from Halifax reports that house prices fell by 1.7& in July and are now 8.8% below last year's prices. Average prices are now at £177,351, a level last seen in June 2006.

The Halifax reported demand from buyers to be 'significantly curbed' by lack of mortgage finance, high prices and pressure on household finances.

With mortgage approvals already down by 69% in the past 12 months, activity in the property market looks likely to fall even further.

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Operating since 1998 and having bought over 3,500 properties, Quick Move is the largest and most respected quick house sale company in the UK. We offer a service for anyone looking to sell their house fast. We will buy your house for cash, often within 7 days, ensuring a quick, secure and efficient house sale. Our service also offers certainty to house sellers - when we commit to buying your home, we will set a completion date to suit your timescales so you have the comfort of knowing that your sale will go through on the date you require.

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